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Raju borrowed Rs. 3500 from Giri at 10% ...

Raju borrowed Rs. 3500 from Giri at 10% per annum, under simple interest. After 2 years when Raju wanted to clear the debt, Giri insisted him to pay the amount at compound interest. What is the difference in the amounts between the two ?

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The correct Answer is:
Rs. 35
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